TaxTMI 
TaxTMI 
Jammu and Kashmir Reimbursement of Taxes for promotion of Small/Medium/Large Scale Industries in the State of Jammu and Kashmir
X X X X Extracts X X X X
X X X X Extracts X X X X
....tion w. e. f. 8-7-2017 for an eligible unit and shall remain in force till the last date of Industrial Policy, 2016. 1.1 Objective The State Government in recognition of the hardships arising due to withdrawal of remission from payment of Value Added Tax has decided that it would provide budgetary support to the eligible units by way of part reimbursement of the Goods and Services Tax, paid by the unit after adjustment of Input Tax Credit on supply of finished goods manufactured by the Industrial Units located in the State of Jammu and Kashmir except those falling in Annexure-A. 2. Definitions 2.1 Eligible unit' means a manufacturing unit which was registered as on 7-7-17 in the Jammu and Kashmir Value Added Tax Act,2005 (now repealed) and also formally registered with the Department of Industries and Commerce/Directorate of Handicrafts Handloom except the following: (a) units manufacturing goods mentioned in Annexure-A to this notification (b) units eligible for re imbursement under SRO 519 dated 21-12-17 2.2 'Specified goods' means the goods manufactu....
X X X X Extracts X X X X
X X X X Extracts X X X X
....puts from unregistered suppliers (unless specifically exempt from GST registration) or routing of third party production or other activities aimed at enhancing the amount of reimbursement by mis-declaration would be treated as fraudulent activity and, without prejudice to any other action under law may invite denial of benefit under the scheme ab-initio. The units will have to declare total procurement of inputs from unregistered suppliers and from suppliers working under Composition Scheme under Jammu and Kashmir Goods and Services Tax Act, 2017. The grant of reimbursement under the scheme shall be subject to compliance of provisions relating to any other law in force. The manufacturer applying for benefit under this scheme for the first time shall also file the following documents in the office of the concerned Assessing Authority; namely:- (a) Registration certificate issued by Department of Industries and Commerce or Directorate of Handicrafts /Handlooms or Jammu and Kashmir Khadi and Village Industries Board or SICOP (b) A declaration and a certificate as per Annexure-B,....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... in addition to manufacture of specified goods by the eligible unit, under the same GST Identification Number (GSTIN) as that of the eligible unit, the eligible unit shall submit application for reimbursement of budgetary support alongwith additional information on the claim form as prescribed in ''Annexure D" or any other format as may be notified by the Commissioner. Matters relating to receipt of inputs, input tax credit involved on the inputs or capital goods received by the eligible unit and quantity of specified goods manufactured by the eligible unit vis-a-vis the inputs, input tax credit availed by the registrant under the given GSTIN. Explanation: Industrial Units having Annual Turnover of more than Rs. 1.5 Crores shall mandatorily submit Annexure "D" duly certified by a Chartered Accountant. 3.6 Under GST, one business entity having multiple business premises would generally have one registration in the State in such situations where inputs are received from another business premises (of supplying unit) of the same registrant (GSTIN), the details of input tax credit of State Tax availed by the supplying unit for supplies to the eligible unit shal....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ant Commissioner/Commercial Taxes Officer of Commercial Taxes, as the case may be. after such examination of the application as may be necessary, shall sanction reimbursement amount and forward the same in the prescribed format to the respective Additional Commissioners within one week after the receipt of application. 5.3 The concerned Additional Commissioners shall forward consolidated information of the concerned division to the Nodal Officer to be designated by Commissioner Commercial Taxes for reimbursement of GST to the eligible industrial units by the end of the month in which application is received and a copy of the same shall be forwarded to Commissioner Commercial Taxes for consolidation and submission to Government. 5.4 The concerned nodal officer shall credit the GST amount in the declared bank accounts of the industrial units referred to in the information forwarded by respective Additional Commissioners within seven days of receipt of consolidated information from the concerned Additional Commissioner. 5.5 The nodal officer shall intimate the Commissioner Commercial Taxes the amount disbursed to the beneficiary industrial units. 6.....
X X X X Extracts X X X X
X X X X Extracts X X X X
....signated by the Commissioner shall, after the lapse of 60 days from the date of issue of the said demand note take required legal action and send a certificate specifying the amount due from the unit to the concerned Deputy Commissioner Recovery of the concerned Division to recover that amount, as if it were arrears of land revenue under J&K Land Revenue Act, Svt. 1996 7. Saving Clause Upon cessation of the Scheme, the unpaid claims shall be settled in accordance with the provisions of the Scheme while the recovery and dispute resolution mechanisms shall continue to be in force. By order of the Government of Jammu and Kashmir. Sd/- (Navin K. Choudhary), IAS Principal Secretary to Government Finance Department ANNEXURE-A 1 Repacked goods 2 Bricks and Tiles 3 Soft drinks 4 Edible Oil and Vanaspati 5 Screen printing of glazed 6 Cutting and stitching of doormat out of coir, jute and decor (wall to wall) 7 Cutting of marble/granite (except locally extracted and processed marble stones). 8 ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ty of . . . . . . . . . . . . (designation) of . . . . . . . . . . . . (Company/Unit Name) hereby solemnly affirm and declare for and on behalf of (company/unit name) that an application for registration for reimbursement of budgetary support has been filed on . . . . . . . . . . . .under the Scheme called Jammu and Kashmir Reimbursement of Taxes for promotion of small/medium/large scale Industries in the State of Jammu and Kashmir of Budgetary Support notified by Finance Department, Government of Jammu & Kashmir. I/We confirm that the eligible unit is manufacturing and supplying specified goods on payment of State GST/Central GST/ Integrated GST and the claim will not include any other activity being carried out under the same GSTIN. I /We further affirm and declare, as stated above, goods other than specified goods manufactured by the eligible unit will not be taken into account while filing the application under the scheme. The input tax credit on the goods availed by the eligible manufacturing unit or the supplying unit under the same GSTIN will be taken into account while calculating the input tax credit of the eligible manufacturing unit. No amount of budget....